Multi-family house with 4 residential units: Factor 13.81 / Gross yield 7.24%.

Located in a central area of Heide, this multi-family house presents an attractive investment opportunity with potential for further development. Originally built in 1920 as a farmhouse, the building was converted into a multi-family residence with four units in 1983. Today, it offers a functional property with approximately 239 square meters of living space on a 924 square meter plot of land. The four apartments consist of 2 to 4 rooms, with living areas of approximately 38 square meters, 54 square meters, 58 square meters, and 89 square meters. All four units are currently let to reliable and pleasant tenants. The rental agreements are all standard and legally sound, provided by "Haus & Grund." A security deposit, equivalent to three months' rent, is held for each apartment. Currently, the annual gross rental income is €23,820.00, which represents a yield factor of 13.81 or a gross return of 7.24%. Rental payments are made punctually, and the property has been fully let for the past several years. Heating and utility costs are transparently and consumption-based. Accurate measurement devices from the company Brunata have been installed to precisely record heating and hot water consumption. A company has been contracted to provide winter maintenance services. The property features, among other things, a Vaillant gas central heating system from 2018, which provides both heating and hot water. The heating system is serviced annually by a qualified company. The plastic windows and doors were replaced in 2017 and contribute to the property's energy efficiency. The anthracite-colored double-panel fence was installed in 2022. The house was completely repainted in 2026. The apartments have been gradually modernized in recent years (floors, kitchens, doors, bathroom fixtures, blinds, etc.). As you can see in the pictures, the roof of the house (a "Berliner Welle" style) is of an older construction. The property boasts a long driveway, separate garden areas for each tenant, and a shared shed – ideal for bicycles or gardening equipment. The size of the property provides ample privacy and a variety of outdoor uses. Overall, this property represents a sound investment with potential for appreciation. Whether for long-term holding or as a starting point for future renovations, comprehensive documentation, including a building description, living area calculations, floor plans, energy performance certificate, and exterior views, is available and can be provided upon request. The interior photos were taken during the handover of the respective apartments. To protect the privacy of the tenants, I kindly ask that you do not enter the property without prior arrangement.

The property is located in a central and well-connected area of the town of Heide, the district capital – a vibrant mid-sized town in the heart of Dithmarschen, with approximately 22,000 residents. Heide is a regional center between the North Sea, the marshlands, and the geest, serving as both a residential and commercial hub with a stable demand for housing. The property's location is characterized by an established residential area and offers a pleasant combination of a peaceful living environment and proximity to essential amenities. A variety of shops, restaurants, cafes, service providers, as well as medical and educational facilities are within walking distance – ideal for daily needs. Due to its proximity to the city center, residents benefit from short distances to the most important areas, including the large market square, pedestrian zone, and cultural attractions. The transportation links are excellent: Heide has a regional railway station with connections in all directions (e.g., to Büsum, Neumünster, and beyond), which facilitates commuting and mobility. Public bus lines complement the local transportation options. Via the nearby A23 motorway, Heide is directly connected to the regional road network, making commutes to cities like Hamburg or surrounding communities comfortable. The location combines a stable demand for housing, good infrastructure, and short distances – factors that sustainably support the rental potential and value stability of this investment property.